Mexico gov't cuts spending post Brexit, cenbank ready to act on rates

Redacción de Reuters

1 MIN. DE LECTURA

MEXICO CITY, June 24 (Reuters) - Mexico's government will cut spending and the central bank is ready to act on interest rates and the sharply depreciated local peso in the wake of Britain's vote to exit from the European Union, senior officials said on Friday.

Finance Minister Luis Videgaray said the government would cut spending by 31.715 billion pesos ($1.68 billion) in 2016, its second spending cut this year.